Rates for Mortgage Loans Rates for Consumer Loans Rates for Share Accounts
 
 

Conventional Mortgage (Eligible for Rebate)  -   Balloon Mortgage
"Prime Home Equity" Loan  -   Conventional Mortgage (Not Eligible for Rebate)
Home Equity Single Advance
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  Mortgage Calculators

  • Mortgage Payoff - Save thousands of dollars in interest by increasing your monthly mortgage payment.
  • Refinance Break even - Use this calculator to see how much interest you can save if you refinance your mortgage.
  • More Mortgage calculators -
    Simply log into Cyber Connection go to the "Loans" tab, and click on "Mortgage Loan Application".


Affordable Rates and Easy Terms
DCECU offers 1st and 2nd mortgages on Michigan primary residences. Also, we offer 1st mortgages on secondary residences located in the State of Michigan (does not include income producing properties).




Conventional Mortgage (Eligible for Rebate)†  [more info]     

APR* Percent
Financed**		 Maximum
Term		 Maximum
Loan
% 95% 10 Years $750,000±
% 95% 15 Years
% 95% 20 Years
% 95% 25 Years
% 95% 30 Years


Conventional Mortgage (Not Eligible for Rebate)†  [more info]     
APR* Percent
Financed**		 Maximum
Term		 Maximum
Loan
% 95% 10 years $417,000
% 95% 15 years
% 95% 20 years
% 95% 25 years
% 95% 30 years


Balloon Mortgage†  [more info]     
APR* Percent
Financed**		 Maximum
Term		 Maximum
Loan
% 95% 3 years§ $750,000±
amortized up to 30 years
% 95% 5 years
% 95% 7 years


Home Equity Line of Credit†  [more info]     
APR* Percent
Financed		 Maximum
Term		 Maximum
Loan
%‡
(variable)		 90% Open Term $100,000


Home Equity Single Advance†  [more info]     
APR* Percent
Financed		 Maximum
Term		 Maximum
Loan
% 90% 5 years $100,000
% 90% 10 years
% 90% 15 years


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* APR = Annual Percentage Rate
** = Purchase of Private Mortgage Insurance (PMI) required for financing above 80%. Some limitations may apply.
± = For loan amounts above $417,000, add 0.50% to the rate.
† = Certain Loan Limits May Apply
§ = Available only to purchase transactions
‡ = Varies quarterly based on the Wall Street Journal® Prime Rate + 0% in effect on the 25th of the month preceding the end of the calendar quarter.